The CM Punjab Asaan Karobar Card is an initiative by the Government of Punjab aimed at empowering small entrepreneurs by providing interest-free loans of up to PKR 1 million. This program facilitates business growth and sustainability through a digital SME card, ensuring transparent and structured fund utilization.
Table of Contents
| Details | Information |
| Program Name | CM Punjab Asaan Karobar Card |
| Residency Requirement | Must reside in Punjab |
| Application Start Date | January 10, 2025 |
| Application Deadline | March 31, 2025 |
| Processing Fee | PKR 500 |
| Repayment Start Date | After the 3-month grace period |
| Where to Apply | akc.punjab.gov.pk |
CM Punjab Asaan Karobar Card Eligible Requirements
To qualify for the Asaan Karobar Card, applicants must meet the following requirements:
- Age: Between 21 and 57 years.
- Residency: Must be a Pakistani national residing in Punjab.
- Identification: Possess a valid Computerized National Identity Card (CNIC) and a mobile number registered in the applicant’s name.
- Business Status: Own or plan to start a business located in Punjab.
- Credit History: Maintain a clean credit history with no overdue loans.
- Assessments: Successfully pass credit and psychometric evaluations.
- Application Limit: Only one application per individual and business is allowed.
Read More: Asaan Karobar Card Scheme Launched
How to Apply for the Asaan Karobar Card
Follow these steps to apply for the Asaan Karobar Card:
- Online Registration:
- Visit the official Punjab Information Technology Board (PITB) portal at akc.punjab.gov.pk.
- Click on the “Register” button to create a new account.
- Fill in the required personal information, including your name, father’s/husband’s name, CNIC number, date of birth, CNIC issuance and expiry dates, mobile network, and mobile number.
- Create a secure password and confirm it.
- Submit the registration form.
- Application Form:
- Log in to your account using the credentials created during registration.
- Complete the online application form by providing detailed information about your business, financial status, and any other required details.
- Processing Fee:
- Pay a non-refundable processing fee of PKR 500 as part of the application submission.
- Submission:
- Review all entered information for accuracy.
- Submit the application form online.
Read More: Punjab Asaan Karobar Card Fee Payment
Assan Karobar Card Loan Usage and Repayment Details
- Loan Amount: Up to PKR 1 million.
- Loan Tenure: 3 years.
- Grace Period: 3 months from card issuance before repayment begins.
- Repayment Structure:
- First 12 months: Revolving credit facility.
- Following 24 months: Repayment in equal monthly installments.
- Usage:
- Payments to vendors and suppliers.
- Payment of utility bills, government fees, and taxes.
- Cash withdrawals (up to 25% of the limit) for miscellaneous business needs.
- Digital transactions via Point of Sale (POS) systems and mobile applications.
Asan Karobar Card Charges and Fees
- Annual Card Fee: PKR 25,000 plus Federal Excise Duty (FED), deducted from the approved loan limit.
- Additional Charges: Include costs for life insurance, card issuance, and delivery.
- Late Payment Penalty: Applied as per the bank’s policy.
Read More: Get the CM Punjab Karobar Card
Asan Karobar Card Security and Verification
- Personal Guarantee: A digitally signed guarantee by the borrower is required.
- Life Insurance: Included for borrower protection.
- Business Verification: Physical verification of the business location within six months of approval, conducted by the Urban Unit.
Key Conditions for Borrowers
- Fund Usage: Funds must be used exclusively for core business activities; non-business-related transactions are blocked.
- Registration: Mandatory registration with the Punjab Revenue Authority (PRA) or Federal Board of Revenue (FBR) within six months of receiving the card.
Conclusion
The CM Punjab Asaan Karobar Card is a significant initiative to support small entrepreneurs in Punjab by providing interest-free loans and facilitating business growth through digital financial solutions. Eligible applicants are encouraged to apply through the official PITB portal to take advantage of this opportunity.
Read More: Interest-Free Loans of 1-30 Million Under Asaan Karobar Scheme
FAQs
Who is eligible to apply for the Asaan Karobar Card?
Small entrepreneurs aged between 21 and 57 years, residing in Punjab, with a valid CNIC and a mobile number registered in their name, who own or plan to start a business in Punjab, and have a clean credit history, are eligible to apply.
What is the maximum loan amount available?
The program offers interest-free loans of up to PKR 1 million.
How can I apply for the Asaan Karobar Card?
Applications can be submitted digitally through the PITB portal at akc.punjab.gov.pk. Applicants need to register, fill out the online application form, and pay a non-refundable processing fee of PKR 500.
What are the repayment terms?
The loan tenure is 3 years, with a 3-month grace period. The first 12 months function as a revolving credit facility, followed by 24 equal monthly installments.
Are there any additional charges?
Yes, there is an annual card fee of PKR 25,000 plus FED, along with additional charges for life insurance, card issuance, and delivery. Late payment penalties apply as per the bank’s policy.